D. Scott Neal Inc. trimmed its stake in International Business Machines Corporation (NYSE:IBM) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,919 shares of the technology company’s stock after selling 49 shares during the period. International Business Machines Corporation makes up 0.3% of D. Scott Neal Inc.’s investment portfolio, making the stock its 28th largest holding. D. Scott Neal Inc.’s holdings in International Business Machines Corporation were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Intellectus Partners LLC grew its position in shares of International Business Machines Corporation by 9.8% in the 1st quarter. Intellectus Partners LLC now owns 16,817 shares of the technology company’s stock valued at $2,929,000 after buying an additional 1,496 shares during the last quarter. CKW Financial Group grew its position in shares of International Business Machines Corporation by 14.8% in the 1st quarter. CKW Financial Group now owns 938 shares of the technology company’s stock valued at $163,000 after buying an additional 121 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of International Business Machines Corporation in the 1st quarter valued at $12,488,000. Wellington Shields & Co. LLC grew its position in shares of International Business Machines Corporation by 1.0% in the 1st quarter. Wellington Shields & Co. LLC now owns 29,440 shares of the technology company’s stock valued at $5,127,000 after buying an additional 300 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in shares of International Business Machines Corporation in the 1st quarter valued at $1,103,000. 57.88% of the stock is currently owned by hedge funds and other institutional investors.

IBM has been the topic of a number of recent analyst reports. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target for the company in a research note on Monday, June 19th. Cleveland Research assumed coverage on shares of International Business Machines Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating for the company. Royal Bank Of Canada reiterated a “hold” rating and set a $165.00 price target on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated an “underperform” rating and set a $125.00 price target (down previously from $135.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 12th. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $157.12.

TRADEMARK VIOLATION NOTICE: This article was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/10/08/international-business-machines-corporation-ibm-position-lowered-by-d-scott-neal-inc.html.

International Business Machines Corporation (NYSE IBM) traded down 0.16% on Friday, hitting $146.48. 2,623,184 shares of the stock were exchanged. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a market cap of $136.51 billion, a P/E ratio of 12.16 and a beta of 0.95. The company’s 50 day moving average price is $144.33 and its 200-day moving average price is $152.97.

International Business Machines Corporation (NYSE:IBM) last announced its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 earnings per share. Equities research analysts predict that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, September 9th. Stockholders of record on Thursday, August 10th were given a $1.50 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. This represents a $6.00 annualized dividend and a dividend yield of 4.10%. International Business Machines Corporation’s dividend payout ratio is 49.88%.

International Business Machines Corporation Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

Institutional Ownership by Quarter for International Business Machines Corporation (NYSE:IBM)

Receive News & Stock Ratings for International Business Machines Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines Corporation and related stocks with our FREE daily email newsletter.